Zhongtong'S Revenue In The Second Quarter Was About 6.4 Billion Yuan, Up 18% Year On Year

Recently, Zhongtong express released the second quarter of fiscal year 2020 as of June 30, 2020. According to the report, Zhongtong Express's revenue in the second quarter was 6.402.4 billion yuan (about 906.2 million U.S. dollars), an increase of 18.0% over the same period of last year, gross profit of 1769.2 million yuan (about 250.4 million U.S. dollars), which was basically the same as that of 1768.6 million yuan in the same period of last year, and the net profit was 1.453.6 billion yuan (about 205.7 million U.S. dollars), an increase of 6.6% compared with 1.365.1 billion yuan in the same period of last year 5%。

The report also shows that in the second quarter of 2020, China Express completed 4.6 billion pieces of business, an increase of 47.9% compared with 3.107 billion pieces in the same period of last year, and the market share increased by 1.6% to 21.5% year on year.

As of June 30, 2020, the total number of receiving / delivering points of Zhongtong express is about 30000; the total number of direct network partners is more than 5000; the number of long-distance vehicles is more than 9900, including about 9050 self owned vehicles; the number of long-distance transportation routes between sorting centers is more than 3400; the number of sorting centers is 90, of which 81 are operated by the company Nine of them are run by the company's network partners.

According to the survey, six Wall Street analysts had expected an average diluted earnings of $0.27 per American Depository Share (ads) in the second quarter. According to the U.S. general accounting standards, the diluted earnings per share are less than US $1.85 per share, which are lower than US $1.85 per share.

In addition, the average of six Wall Street analysts had expected that China Express's second quarter revenue would reach $906.2 million. According to the financial report, Zhongtong Express's second quarter revenue was 6.402.4 billion yuan (about 906.2 million U.S. dollars), in line with analysts' expectations.

By the end of August 12, American Eastern time, shares of ZTE rose $0.83 to $36.99, with a total market value of $28.996 billion. On August 11, Forbes released the list of China's CEOs, and Lai Meisong, chairman of Zhongtong, ranked No. 19, and was the first person in charge of express delivery enterprises to be listed on the list.

Zhongtong express released the first quarter financial report of 2020 on May 21 this year. According to the data, the first quarter revenue was 3.92 billion yuan, down 14.4% year-on-year; the net profit was 371 million yuan, down 45.6% from the same period last year; the adjusted net profit was 635 million yuan, a year-on-year decrease of 34.3%.